Source: HedgeCo.net                         Date: 13 April, 2011

Investment management firm Silk Road Management (SRM) has announced the launch of the Quam Silk Road Mongolia Fund, a new hedge fund investing in globally listed companies primarily exposed to the Mongolian economy. “Mongolia has a significant undeveloped mineral wealth, including some of the world’s largest undeveloped copper, gold and uranium deposits and it is believed to have the largest untapped supply of coal,” Mr. Alisher Ali, Managing Partner of Silk Road Management and Chairman of Eurasia Capital, said. “Developing its massive resources will allow Mongolia to become the world’s fastest growing economy throughout the next decade.”

The new fund targets long term investment growth through investment in companies with strong fundamentals and whose main business operations and/or assets are based in Mongolia. The hedge fund is an open-end investment vehicle, primarily investing in liquid stocks which are members of the USD38-billion Silk Road Mongolia Index.